The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1887-01-04
The Baby's Bank Account.

II Is not to n baby millionaire wish
to call your attention, nor even to any
baby, but to the finances OF your baby
reader of Babyhood.
You, of course, know all about what
the little fellow has cost. and know what
he is likely to cost, not only in dollars
and cents, but in wakefnl, watchful
hours and anxietes innumerable. But,
after awhile, the now costly baby will
require not only schooling but business
education, and foundation upon which
to stand in the great money-gctting
world.
There are so many ups and downs
with prosperous people that the chiid
of wealth to-day may twenty years
hence be eking out a scanty living rs
clerk, and, on the other hand. the little
fellow whose baby wardrobe is plain
and limited. by the same time may be
on the road to fortune.
While you sit BY the darling's cradle
is the time TO thoughtfully mature your
plans for the future. There are so
many little .rines bought for baby that
might be dispensed with and the money
allowed to accumulate for future use.
1t is wonderful how nice a sum may re-
pose in one of the many savings-fund
institutions by just little forethought
and economy. A MAYOR in southern
city gave on Saturday evenings to his
four little daughters all the dimes he
happened to have in his pocket. A
lady Of my acquaintance saved all her
gold pieces for her son, deposit ne them
In bank to his credit, she acting rs
trustee. Another lady, having small
house renting for So a month, put the
sum TO her children's account in the
savings fund, and carefully refrained
from using any of it.
/ know of many instances of we'll
TODD parents who are ia thfully lay ng
up for the children, and that is small
matter-of-fact way which would aston
ish many with whom they mingle in
society. A pencil and paper and half
hour or less spent in calculating the
possible accumulation of even $50 q
year for twenty years will show what
can be done. a
/ had this winter in my employ as
nurse a widow with little girl. She
came in great distress of mind to me
one day reference to her money mat
tiers. Her husband, coachman, had
had from his employer each year 6 1t
of $50, which. with other earnings,
had been deposited in bank to the
credit of the child. The father and
trustee died. and the woman, in igno-
rance Of how to poceed, had been for
three years unable to use any OF the
interest for the child. The sum had
accumulated until the interest would
olothe the little girl. had the pleas
ure of securing faithful guardian for
the child and relieving the poor wo-
mans mind of such anxiety, she hav-
ing supposed the sum could not be
touched until the little girl was of age.
This woman carries small insurance
for the child. so in case of the mother
death the child could be comfortably
cared for without extreme poverty
which she would have save for the saw
ings of few years on the part OF her
father.
II is n wise course for woman to ac-
quaint herself with the processes OF the
law in regard to the money belonging
to children. also to know the rates OF
interest and values or property. While
money in bank sometimes accumulates
as fast as that invested, and can be
secured and used in Emergencies in less
time than by other forms of invest
ment, there are may other ways Of us
ing the money saved-a piece of land
can be bought and put in baby's name,
or sold again and the money turned
over and over.